Cops vs Supercars: The Underground World Of Car Scams, Sales, and Theft | VINWiki

The Iced Coffee Hour

Graham Stephan/Jack Selby

Entrepreneurship, Business

4.6 • 679 Ratings

🗓️ 14 October 2024

⏱️ 144 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

NetSuite: Take advantage of NetSuite’s Flexible Financing Program: https://www.netsuite.com/ICED ZocDoc: Go to https://www.zocdoc.com/ICED and download the Zocdoc App for FREE Hillsdale College: Go to https://hillsdale.edu/ICH for FREE, easy to get started classes! Follow and subscribe to @VINwiki for more content! Add us on Instagram: https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Official Clips Channel: https://www.youtube.com/channel/UCeBQ24VfikOriqSdKtomh0w For sponsorships or business inquiries reach out to: [email protected] For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps : 00:00:00 - Intro 00:01:14 - What cars are in the garage today? 00:04:01 - How many Lamborghinis has Ed owned? 00:04:53 - Thought process when buying a car 00:07:37 - First business venture 00:12:51 - Sponsor - Netsuite 00:14:06 - Rental car business in 2006 00:16:34 - Why did Ed start a rental car business? 00:22:49 - Craziest exotic rental story 00:27:39 - Why the car rental business is dead 00:31:58 - How to "legally" steal a car 00:34:24 - Sponsor - Zocdoc 00:35:59 - How to get a fake VIN 00:37:49 - What if you buy a stolen car? 00:45:40 - How to avoid tickets 00:49:24 - Jack's only ticket 00:59:55 - Fastest you've gone in a car 01:02:39 - Cars you’re excited for 01:02:59 - Sponsor - Hillsdale College 01:04:43 - How Ed got his job at Lamborghini 01:09:32 - Type of person who buys Lambos 01:23:25 - Fake buyers at the Lambo dealership 01:25:10 - Bad financial decisions buying luxury cars 01:29:03 - Financing problems with luxury cars 01:30:47 - Exotic car buyer trends 01:35:20 - Buying his Bugatti 01:40:51 - Bugatti maintenance cost 01:43:28 - Cost to maintain all vehicles 01:45:00 - Accidentally buying a Lambo 01:47:01 - Graham's Tesla Roadster 01:51:03 - Car you’ll never own 01:52:25 - Lowering ownership costs for dream cars 01:55:00 - Current car market thoughts 01:59:54 - Worst car ever made 02:00:49 - Rare car sleepers 02:04:08 - How do you invest your money? 02:07:03 - Raising kids without spoiling them 02:10:47 - Finding spirituality 02:18:09 - Advice for the youth *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Here's the truth about AI. AI is only as powerful as the platform it's built into. Service Now puts AI to work for people across your business, removing friction and frustration for your employees, supercharging productivity for your developers, providing intelligent tools for your service agents to make customers happier. All built into a single platform you can use
0:22.3	right now. That's why the world works with ServiceNow. Visit ServiceNow.com slash UK slash AI for people.
0:30.2	What's the fastest you've ever gone in a car? I got to race a fighter jet in a brand new McLaren 765 LT.
0:35.6	So what was the speed? 205. And the guy that had supplied the car,
0:39.6	I was like, you know, do I need a helmet or a fire suit? He's like, no, man, if things go bad,
0:44.0	that's not going to make any difference in this outcome. Maybe take us back to the beginning.
0:49.1	I did not. Come from money. I didn't have anybody hand me anything. I was always kind of chasing,
0:53.9	well, how do
0:55.0	self-made people do this? You buy these cars at a price where you can't possibly lose money.
1:01.1	There's always a price where everything makes sense. Most of my wealth always came from
1:06.8	buying these cars and flipping them or making them go up in value.
1:15.1	And so it's granted me a little more license to buy cars more aggressively.
1:21.1	As I look back on how difficult the early days of my career were,
1:27.8	it's easy to get demoralized and to think like there's no hope for me to achieve these dreams that I've had. But there are also going to be profound advantages to being in the moment that you're at.
1:34.5	And if you can find the ways to use those, you can be so powerful.
1:41.3	So, Ed, thank you so much for coming on the ice coffee hour. We really appreciate it. Now, you've got to tell us about what cars are behind us right now.
1:49.0	Well, thank you for having me. I've been looking forward to this for some time. I love your show. Yeah, we got some fun stuff. So right behind you is my newly acquired, but very much not brand new, Bugatti-Varon Grand Sport. I bought it just about a month ago, and it was originally the Frankfurt Motors Show car,
2:04.9	and then Birdman owned it.
2:06.3	He gave it to Justin Bieber as a present.
2:08.4	Floyd Mayweather had it for a little while, and Little Luzzi Vert still has my speed key,
2:12.8	and I had always dreamt of having one ever since the car was announced over 20 years ago,
2:17.0	and I am so glad to have made it home from Miami driving it.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Graham Stephan/Jack Selby, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Graham Stephan/Jack Selby and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.